Had a pretty cruisey June.
I ran a marathon this month so haven’t been spending much time on anything biz related – most of my time has been spent training, eating and resting.
Also, as I explained in last month’s update, my matched betting days are over (or at least on a hiatus) as my final accounts have been gubbed.
However, both the stock and crypto market was very green for June which gave the portfolio a nice boost and took us over the $90k mark.
Matched Betting
Unfortunately I am no longer able to matched bet.
TAB NZ has gone on a gub streak and I can no longer place bets with them.
There are probably some Aussie bookies I could sign up with, which I may do if I get itchy feet down the line, but for now I’m quite happy to take a break from matched bets.
It’s a ton of fun, but can also be time-consuming and I think my time is probably better spent elsewhere now.
Still, it remains the best side hustle I’ve ever come across, especially in NZ and Aus.
You can learn everything you need in my free guide by clicking here!
Crypto
Bitcoin has been on the move this month, and my Bitcoin allocation in the moneybren portfolio is now around 8%.
Still very bullish at this stage, especially going into the 2024 halving.
Blackrock and Fidelity have also both applied for Bitcoin spot ETFs.
If those are in place when the halving occurs, I won’t be surprised to see the price absolutely teleport upwards.
You can learn how to buy your first $100 in Bitcoin here.
Niche Sites
I don’t think I worked on my sites at all this month (as I said, busy with other things).
They still brought in a few hundred dollars, as the income from these sites is largely passive.
However, this one site I’ve been trying to build has been yoyo’ing up and down, which is nothing new, but still frustrating.
It still made around $300 USD in June in commissions, but getting consistent traffic improvements is proving difficult.
As far as I know, I’m doing everything in my control to improve rankings and satisfy Google, but that’s the challenge with niche site building – you’re always at the mercy of Google’s algorithm which changes almost daily.
The goal was to get this site earning $1k/month and then try and sell it.
Hopefully, things will turn around as I keep plugging away.
Portfolio Breakdown
This portfolio value is made up of the following:
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💥 BOOM weekly savings: $4,013
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🚮 Decluttering: $7,202 (all detailed in my course Simple Flips)⠀⠀
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💸 Matched betting: $47,847 (get started with my free guide!)
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📦 Flipping: $2,676 (all detailed in my course Simple Flips)⠀⠀
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📝 Surveys: $150⠀⠀
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🖥️ Simple Courses sales: $8,955⠀⠀
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🎉 Sharesies bonuses: $140⠀⠀
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🧧Leftovers from Chinese New Year Instagram giveaway because people didn’t want free money: $90⠀⠀
🎁Leftovers from 500 follower Instagram giveaway because people didn’t want free money: $300
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💰 Personal dividends: $2,014
🖱️ Niche Site A (Home Remedies): $7,006 (get started with my free guide)
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🖱️ Niche Site B (Fitness): $2,619 (get started with my free guide)
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🖱️ Niche Site C (Superfoods): $2,059 (get started with my free guide)
🖱️ moneybren.com (affiliate commissions): $1,255
💵 Interest: $61
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💹 Sharemarket gainz: $2,162 (get started with Simple Stocks!)
💹 Crypto gainz: $943⠀
Top 10 Holdings
Top 10 is identical to last month.
The only positions in the Top 10 that were added to were Bitcoin, Starbucks and Arvida.
I’m comfortable with this allocation right now, I expect it will be like this for a while.
However, I am having thoughts of reallocating some MCK to other NZ stocks.
The thesis on MCK was it was so below book value that it would be practically impossible to lose any significant capital on it. It was a “safe hold” for the precarious Covid times, where markets were bouncing all over the place and interest rates were useless. It’s done its job and held its value pretty much constant over the last two years. Now the dust has cleared on Covid I’m looking to maybe move some of those funds around. You can see its 14% of the portfolio, which is significant.
We’ll see next month.
You can view all previous portfolio updates here.
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